ABT stock: buy or sell
Jul 29th, 2021
ABT stock brief
- Abbott closed on Wednesday at $120.52 after only changing a 0.59%.
- On Wednesday broke out above its latest top at $120.00
- Abbott posted its financial report on July 22
- Last Friday broke out above its latest top at $120.00
- Abbott Laboratories discovers, develops, manufactures, and sells health care products worldwide.
Should I buy Abbott stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ABT stock a buy?
Currently, Abbott stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $ABT in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Abbott stock?
"To sell or not to sell", if you are holding Abbott shares?. Trading strategies let us to avoid impetuous decisions based on our feelings or the noise surrounding the market. When selling, as well as buying, our strategies are very easy to use and are only valid for selling stocks you already own, not for shorting $ABT stock
A golden rule is that you must never keep an open trade that yields greater losses than those expected by the time of purchase. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Abbott stock?
In the current situation of Abbott there is not any eligible sell setup, so Abbott stock holders with operations in profit can keep their positions
We don't have any rating posted in the previous 30 days for Abbott
Abbott stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
The evolution of the Bollinger Bands on the chart reveals that they are quite tight (4.07%), which clearly means that price volatility is low. The narrowness of the Bollinger bands is usually a indication of a sudden price movement (up or down), so we must be on alert and manage our buy or sell orders accordingly
Relative strength index
The RSI crossed up the oversold level of 30 in early June after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI value on Wednesday was 62.96. Abbott shares skyrocketed a 13.17% since then
Abbott stock price history
Abbott started trading priced at an adjusted price1 of $0.00 on Mar 1980. Since then, ABT stock surged by -, with an average of 0.00% per year. An investment of thousand dollars at that time would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Abbott stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental data by the company, and usually. If you are a small investor you don't have to buy or sell based on these forecasts.
In the previous month we couldn't find any price target posted for Abbott stock.
Earnings and financials
On July 22, Abbott Laboratories ($ABT) reported adjusted EPS for that uplifted Market expectations. Quarterly EPS was $1.17 per share compared to the forecasted $1.02. This quarterly report means an earnings surprise of 14.71%.In comparison, the EPS for the same quarter last year was $1.45, so reported EPS is a decrease of -19.31%. Looking at turnover, figures exploded a 18.11% compared to $88.5B same quarter a year ago.
ABT ($ABT) is hosting the quarterly earnings call next October. Forecasted for this quarter is $0.95, compared to $1.17 that was reported for Q4.
Important note:The viewpoints expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the particular circumstances of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for general educational reasons only
|Wednesday, July 28th, 2021|
|Day range||$119.28 - $121.07|
|Average true range||$1.91|
|50d mov avg||$114.50|
|100d mov avg||$116.85|
|200d mov avg||$114.30|
|Earnings date||October 19th, 2021|